Tractor major Escorts Limited today launched a new four-cylinder fuel efficient tractor and is eyeing a growth of 18 per cent, selling 55,000 tractors during October 2008-September 2009.
Finance Minister P Chidambaram today said the Mumbai terror attacks will affect the investment climate in the short-term, but Commerce and Industry Minister Kamal Nath did not feel that it will have much impact.
Services and construction sectors helped the Indian economy expand at 7.6 per cent in the second quarter of the current fiscal, prompting government to term the growth as "healthy and satisfactory" even though it was the lowest in any three-month period in the last four years.
Tata
Group chief Ratan Tata on Thursday decried the government for not learning from
the past and failing to put in place a crisis infrastructure that could be
activated immediately after terror attacks in the city.
Expressing
shock over the terrorist attack in Mumbai claiming about 100 lives, Indian
industry on Thursday demanded tougher laws along with "stronger and
firmer" leadership to tackle terrorism.
Country’s third largest lender Punjab National Bank on Wednesday slashed the benchmark interest rates by 100 basis points, a decision that will make auto, home and other commercial loans cheaper, besides stepping up pressure on private sector lenders to announce similar cuts.
